DeepSeek Nears Deal to Raise $7.4 Billion for Open-Source AI
Summary
DeepSeek is nearing a $7.4 billion financing that would rank among the largest startup funding rounds in China. Tencent is expected to be among the investors, alongside other backers, according to people familiar with the round.
Why it matters
A $7.4 billion round would reset expectations for how quickly open-source AI can scale in China and how aggressively incumbents will fund it.